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UCO Bank plans to join RBI's retail CBDC pilot plan Jul-Sept, says MD

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UCO Bank plans to join RBI's retail CBDC pilot plan Jul-Sept, says MD

This story was originally published at 19:09 IST on July 21, 2025  Back
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After a significant delay, Kolkata-based lender UCO Bank plans to "go live" with the Reserve Bank of India's retail central bank digital currency pilot during the ongoing September quarter, Managing Director and Chief Executive Officer Ashwani Kumar said Monday. It is to be noted that UCO Bank had last year said, after being far behind the original timeline, it may join the retail central bank digital currency pilot by August 2024.

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